Asia’s biggest and best-performing private equity funds
The Asia-Pacific region is now a globally significant region for private equity, and 22% of funds seeking capital from investors have a primary focus on the region, says Stuart Taylor, Asian research manager at fund research firm Preqin.
The company has published a report delineating the biggest players and top performers in the region. Below is an extract of some of the most interesting league tables.
|
Top 10 Asia-Pacific funds by final close size |
|
|---|---|
| 1. Lone Star Fund V (2005) | $5 bn |
| 2. TRG Asia V (2008) | $4.25 bn |
| 3. Morgan Stanley Real Estate Fund V International (2006) | $4.2 bn |
| 4. CVC Capital Partners Asia Pacific III (2008) | $4.12 bn |
| 5. Lone Star Fund IV (2001) | $4.1 bn |
| 6. Colony Investors VIII (2007) | $4.0 bn |
| 7. KKR Asia Fund (2007) | $4.0 bn |
| 8. MGPA Asia Fund III (2008) | $3.89 bn |
| 9. Pacific Equity Partners Fund IV (2008) | A$4 bn |
| 10. Avenue Asia Special Situations Fund IV (2006) | $3 bn |
|
Top 10 Asia-Pacific funds closed since 2010, |
|
|---|---|
| 1. Carlyle Asia Partners III | $2.55 bn |
| 2. Baring Asia Private Equity Fund V | $2.46 bn |
| 3. Shanghai Financial Sector Investment Fund I | Rmb11bn |
| 4. Yumfeng Fund | Rmb10 bn |
| 5. Hony Capital RMB Fund III | Rmb10 bn |
| 6. Champ Buyout III | A$1.48 bn |
| 7. CDH China Fund IV | $1.45 bn |
| 8. Citic Mianyang Private Equity Fund | Rmb9 bn |
| 9. SAIF Partners IV | $1.25 bn |
| 10. Navis Asia Fund VI | $1.2 bn |
Preqin estimates in its report that there are 371 Asia-Pacific funds currently on the road, seeking to raise $119 billion from investors. The largest one in the market exclusively focused on Asia is PAG I fund, a China-themed buyout fund looking for $2.5 billion in total.
Also on the hunt for capital are Hony Capital Fund V, which is targeting between $1.4 billion and $2 billion, and GuochangKaiyuan fund of funds, which is looking for Rmb10 billion.
|
Largest Asia-Pacific GPs by total funds raised |
|
|---|---|
| 1. Pacific Equity Partners | $5 bn |
| 2. Baring Private Equity Asia | $4.7 bn |
| 3. CDH China Management Company | $4.7 bn |
| 4. Hony Capital | $4.4 bn |
| 5. SAIF Partners | $3.8 bn |
| 6. Affinity Equity Partners | $3.5 bn |
| 7. IDG Capital partners | $3.3 bn |
| 8. Jafco (Japan) | $3.2 bn |
| 9. MBK Partners | $3.2 bn |
| 10. China Bright Stone Investment Management Group | $2.9 bn |
|
Top 10 Asia-Pacific Funds by net IRR |
Net IRR |
|---|---|
| 1. Amwin Innovation Fund (by Champ Ventures) (1998) | 1025% |
| 2. Development Partners Fund (2005) | 105.5% |
| 3. Vietnam Equity Fund (2005) | 104.9% |
| 4. Headland Asian Ventures Fund 3 (2008) | 94.7% |
| 5. BankInvest Private Equity New Markets (2008) | 71.1% |
| 6. Baring Asia Private Equity Fund III (2005) | 66.2% |
| 7. USIT I (by Jafco) (1994) | 63.8% |
| 8. USIT II (by Jafco) (1997) | 63.7% |
| 9. Ant Bridge 1 (2003) | 59.2% |
| 10. Pacific Equity Partners Supplementary Fund 1 (2004) | 59% |